Innoviz Technologies Ltd (NASDAQ:INVZ) price on Thursday, April 10, fall -4.14% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.54.
A look at the stock’s price movement, the close in the last trading session was $0.56, moving within a range at $0.51 and $0.56. The beta value (5-Year monthly) was 0.851. Turning to its 52-week performance, $3.14 and $0.45 were the 52-week high and 52-week low respectively. Overall, INVZ moved -16.67% over the past month.
Innoviz Technologies Ltd’s market cap currently stands at around $107.44 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-25.
Analysts have a consensus estimate of 9M for the company’s revenue for the quarter, with a low and high estimate of 9M and 9M respectively. The average forecast suggests up to a 27.53% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 54.66M, representing a 125.24% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that INVZ is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 3 recommend INVZ as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
INVZ’s current price about -15.35% and -36.04% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 32.23, while 7-day volatility ratio is 14.09% and 9.15% in the 30-day chart. Further, Innoviz Technologies Ltd (INVZ) has a beta value of 0.88, and an average true range (ATR) of 0.07. Analysts have given the company’s stock an average 52-week price target of $3, forecast between a low of $1 and high of $13. Looking at the price targets, the low is -85.19% off current price level while to achieve the yearly target high, price needs to move -2307.41%. Nonetheless, investors will most likely welcome a -455.56% jump to $3 which is the analysts’ median price.
If we refocus on Innoviz Technologies Ltd (NASDAQ:INVZ), historical trading data shows that trading volumes averaged 2.97 over the past 10 days and 8.52 million over the past 3 months. The company’s latest data on shares outstanding shows there are 198.96 million shares.
The 0.00% of Innoviz Technologies Ltd’s shares are in the hands of company insiders while institutional holders own 30.71% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 24.02 million on 2025-03-14, giving us a short ratio of 2.42. The data shows that as of 2025-03-14 short interest in Innoviz Technologies Ltd (INVZ) stood at 1233.0 of shares outstanding, with shares short rising to 15.01 million registered in 2025-02-14. Current price change has pushed the stock -67.86% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the INVZ stock continues to rise going into the next quarter.
